Audit Committee Charter

The Audit Committee of the Board of Directors (the "Board") of Clipper Realty Inc. (the "Company") shall be comprised of at least three directors, each of whom the Board has determined has no material relationship with the Company...

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Code of Ethics

All directors, officers and employees of the Company are expected to be familiar with the Code and to adhere to those principles and procedures set forth in the Code that apply to them.

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Compensation Committee Charter

The Compensation Committee (the "Committee") of the Board of Directors (the "Board") of Clipper Realty Inc. (the "Company") shall consist solely of three or more members of the Board...

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Corporate Governance Guidelines

The Board of Directors (the "Board") of Clipper Realty Inc. (the "Company") has developed and adopted a set of corporate governance guidelines (the "Guidelines") to promote the functioning of the Board...

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Investment Committee Charter

The Investment Committee (the "Committee") of the Board of Directors (the "Board") of Clipper Realty Inc. (the "Company") shall consist of one or more members of the Board...

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Nominating and Corporate Governance Committee Charter

The Nominating and Corporate Governance Committee (the "Committee") of the Board of Directors (the "Board") of Clipper Realty Inc. (the "Company") shall consist solely of three or more members of the Board...

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